BBand Stop Strategy is a 5 minute binary option trade strategy which uses BBand Stop alert indicator in MT4 to define ideal position to enter the trade.
How does this strategy work
Arrows (pointing up and down) will be displayed over/under the candles after adding BBand Stop alert indicator to MT4. Draw straight line from the candle near arrow as soon as the arrow was displayed. Draw the line from downside if arrow points up (see picture). Draw the line from upside otherwise.
When to enter the trade
Buying a PUT option:
- If arrow pointing down appears and at least 3 candles share the same trend (1 small candle in opposite direction should not pose a risk).
Buying a CALL option:
- If arrow pointing up appears and at least 3 candles share the same trend (1 small candle in opposite direction should not pose a risk).
How to setup the chart
Template: BBand Stop Strategy (Download here: eDisk )